NEWS WRAP: Chagee raises $411 million in Nasdaq IPO
The listing was the first in the U.S. by a Chinese premium tea drink maker, which prides itself on the simplicity of its products and focus on the country’s ancient…
Forget the pearls and cheese, Chagee says, offering up simpler milk teas for U.S. investors
The premium tea chain has filed to list on the Nasdaq, reporting its revenue rose more than 20-fold between 2022 and 2024 Key Takeaways: Chagee has filed for a New…
BRIEF: Mixue posts strong profit, revenue gains in first post-IPO report
Leading bubble tea chain Mixue Group (2097.HK) on Wednesday said its revenue reached 24.83 billion yuan ($3.42 billion) last year, up 22.3% from 2023, according to its first financial report…
BRIEF: Mixue surges on Hong Kong trading debut
Shares of leading bubble tea chain operator Mixue Group (2097.HK) surged in their Monday trading debut in Hong Kong, opening up 29% from their HK$202.50 IPO price after being heavily…
NEWS WRAP: Nayuki COO leaves amid growing challenge from larger peers
The bubble tea chain announced the senior executive departure days after it was ousted from the benchmark Hang Seng Composite Index By Teri Yu Nayuki Holdings Ltd. (2150.HK) on Wednesday…
BRIEF: Mixue clears Hong Kong listing hearing, aims for early March debut
Leading Chinese bubble tea seller Mixue Group passed its listing hearing with the Hong Kong Stock Exchange, according to its post-hearing information pack released last Friday. After achieving that key…
BRIEF: Guming to raise $220 million in Hong Kong IPO
Bubble tea seller Guming Holdings Ltd. (1364.HK) launched its Hong Kong IPO on Tuesday, saying it will offer nearly 159 million shares to local and international investors. It set an…
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